Monthly report · Scotland

The State of Scottish Tech, September 2024

£23.6m across 6 funding rounds on ayeoh's record in September 2024, with the investors, sectors and cities behind them and the stories readers read.

£23.6mraised in September 2024 across 6 rounds

£23.5min August 2024, across 7 rounds

£187.7min 2024 to the end of September 2024, across 40 rounds

Month by month

Disclosed funding each month, January 2024 to September 2024: Jan £9m, Feb £10m, Mar £9.4m, Apr £53.7m, May £9.4m, Jun £24.2m, Jul £25m, Aug £23.5m, Sep £23.6m.

The biggest rounds

SOLASTA Bio raises $14 million (£10.61m)

11 Sep 2024 · Series A · Life sciences · Glasgow · DIGIT · SOLASTA Bio on ayeoh

Leap AI raises £7.9m

24 Sep 2024 · Growth · AI · Aberdeen · Aberdeenbusinessnews · Leap Automation (Leap AI) on ayeoh

Administrate raises £3.05m

5 Sep 2024 · Growth · Edtech · Edinburgh · DIGIT · Administrate on ayeoh

Invizius raises £950k

23 Sep 2024 · Growth · Life sciences · Edinburgh · Scottish Financial News · Invizius on ayeoh

Metacarpal raises £800k

2 Sep 2024 · Seed · Life sciences · Edinburgh · Campfire · Metacarpal on ayeoh

Sectors by money

Life sciences£12.4m · 3 rounds

AI£7.9m · 1 round

Edtech£3.1m · 1 round

Proptech£275k · 1 round

Cities by money

Glasgow£10.9m · 2 rounds

Aberdeen£7.9m · 1 round

Edinburgh£4.8m · 3 rounds

Investors named in the most rounds

Scottish Enterprise

3 rounds · £12.4m across those rounds, whole rounds, not its own share

Mercia Ventures

3 rounds · £11.9m across those rounds, whole rounds, not its own share

SIS Ventures

2 rounds · £11.4m across those rounds, whole rounds, not its own share

Cavallo Ventures

1 round · £10.6m across those rounds, whole rounds, not its own share

Corteva Catalyst

1 round · £10.6m across those rounds, whole rounds, not its own share

Every round of September 2024: the month's funding report · the tracker, filtered to September 2024 · Scottish tech funding by city and sector, to September 2024 · For journalists

Today's Scottish tech news on the front page

How this is made. Every figure is computed from ayeoh's record: the funding rounds and grants announced in September 2024 (UK time), summed on their stored pounds, a round with no disclosed amount counted and not added; investors by the rounds they are named in, the money the whole rounds'; hiring, closures and acquisitions as the record holds them, each linked to its source; and the stories by clicks through from ayeoh to the outlet, a count with nothing about the reader.

Cite as. ayeoh, The State of Scottish Tech, September 2024, https://ayeoh.io/reports/2024-09.

Licence. The funding data and figures are licensed under Creative Commons Attribution 4.0 International: reuse them freely, commercially too, crediting "ayeoh.io" with a link to https://ayeoh.io. CC BY 4.0.